In China, the term “new energy vehicle” is used to refer to electric vehicles. They emit zero or low emissions. This is in contrast to traditional IC engine vehicles that emit them. These gases include hydrocarbons and carbon monoxide, as well as particulates and other highly dangerous gases that can cause harm to the body.
NEVs will grow because of rising environmental pollution from conventional vehicles. The initial investment is also higher.
Segmentation of global NEV market market can be done based upon type, vehicle types and geographical location.
The market for new energy vehicles worldwide can be divided into two segments: passenger and commercial. This has led to significantly higher passenger vehicle sales in the NEV market. It will remain the market leader over the forecast period.
NEVs can be classified by region as follows: North America and Europe; Asia Pacific; Middle East, Africa; Latin America; Europe.
BYD Company Limited., Tesla, Inc., Daimler AG, BMW AG, AB Volvo, Hyundai Motor Company, Motor Development International SA, Tata Motors, Honda Motor Co., Ltd., Toyota Motor Corporation, Nissan Motor Corporation., Ford Motor Company, Groupe Renault, General Motors, Mitsubishi Motors Corporation, Mahindra & Mahindra Limited, SAIC Motor Corporation Limited, London EV Company Ltd., Chongqing Changan Automobile Company Limited, BAIC Motor Corporation.
The market is fully analyzed in this report. This includes, but isn’t limited to: Technology, types and regional markets.